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Zambia’s banking sector posted a strong performance in the second quarter of 2025, with total industry profit after tax rising by 24 percent year-on-year to K5.0 billion, according to the latest banking industry report released by FinWise Analytica Zambia Limited.
The 60-page publication, titled ‘Q2-2025: Banking Industry Performance Report,’ ranks the country’s 15 active commercial banks based on key financial indicators.
Stanbic Bank Zambia emerged as the most profitable lender during the period under review, reporting a profit after tax (PAT) of K1.001 billion and Profit before Tax (PBT) of K1.468 billion.
It was followed by ABSA Bank Zambia, which posted K872 million in PAT, while Zambia National Commercial Bank (ZANACO) came third with K808 million.
First National Bank (FNB) and Indo Zambia Bank completed the top five, with PATs of K588 million and K484 million respectively.
At the bottom of the profitability table were ZICB and AB Bank, each recording K13 million in PAT. First Alliance Bank registered a loss of K26 million, making it the only bank in negative territory during the quarter.
The report also showed a notable increase in banking sector revenue, which grew by 17 percent year-on-year to reach K14.9 billion. ZANACO led in this category as well, generating K3.107 billion in revenue, ahead of Stanbic Bank’s K2.620 billion and ABSA’s K2.232 billion.
FNB and Access Bank followed, with revenues of K1. 694 billion and K1.351 billion respectively. At the lower end of the revenue spectrum were Bank of China with K208 million, ZICB at K168 million, AB Bank at K135 million, and First Alliance Bank at just K64 million.
Profit before tax across the industry rose to K7.3 billion, marking a 23 percent increase compared to the same quarter in 2024. This growth was largely attributed to the strong earnings performances from Stanbic and FNB.
The sector also experienced growth in deposit mobilisation. Total deposits across all 15 banks surged to K209.8 billion, reflecting a 16.8 percent increase on a year-on-year basis.
ZANACO held the largest share of deposits at K38.2 billion, narrowly ahead of Stanbic Bank at K36.6 billion.
ABSA reported K27.2 billion in deposits, while Access Bank, Indo Zambia Bank, and FNB posted K19.4 billion, K18.2 billion, and K18.1 billion respectively.
Smaller banks such as United Bank for Africa (UBA), ZICB, First Alliance, and AB Bank held deposits of K4.8 billion, K4.2 billion, K1.3 billion, and K0.7 billion respectively.
Lending activity within the sector also expanded, with total loans and advances increasing by 19 percent year-on-year to reach K82.3 billion.
ZANACO and Stanbic Bank were again among the leading contributors in this segment, underscoring their influence on credit growth in the economy.
On the equity front, Stanbic led with K6.3 billion, followed closely by ABSA and ZANACO, each with K6.1 billion. FNB reported K4.0 billion in equity, while Indo Zambia Bank held K3.2 billion.
Other mid-tier banks such as Access Bank, Bank of China, Citi Bank, Ecobank, and Standard Chartered posted equity ranging between K1.2 billion and K2.7 billion. The smallest equity holders were AB Bank and First Alliance Bank, both of which stood at K0.2 billion.
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